LyondellBasell opens negotiations about Italian plant sale

July 07/2010

(Polimerica) -- The LyondellBasellpolypropylene plant in Terni, in central Italy, was
planned to be shutdown on 30 June but after a recent meeting at the Ministry of
Economic Development there is hope for the sale of the assets.

Apparently Novamont, a producer of biopolymers in Terni, as well as a group
of local entrepreneurs are also interested in the plants in Umbria.In the
meeting, LyondellBasell is to restart the plants Ц should
interest be concrete.

A new meeting at the Ministry is planned for Thursday, 8 July to verify the
status of negotiations.